are three types of business organizations? i. Sole Proprietorship - One man is in business for himself - No special rules governing sole proprietorship‚ - Treated no differently from anyone else at law - Use own to resources to provide skill‚ labor‚ capital‚ and other resources to run the business - Unlimited liabilities - Registered under Registration of Business Act 1956 ii. Partnership -
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Nature of the tax The income tax on individuals is a personal‚ direct tax levied according to the principles of equality‚ universality and progressivity‚ the income of individuals according to their nature and their personal and family circumstances. Article 2. Object of the tax The object of the taxpayer’s income tax‚ understood as the entirety of their income‚ capital investments and losses and income allocations established by law‚ regardless of where they may have occurred and regardless
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MS EDUCONZ PVT. LTD. LAW& AUDIT What is Law? Law means a ‘set of rules’ which governs our behaviours and relating in a civilized society. So there is no need of Law in a uncivilized society. Why Should One Know Law? One should know the law to which he is subject because ignorance of law is no excuse. Sources of Mercantile Law in India English Mercantile Indian Status Law Judicial Decisions Customs and Usages STUDY NOTE – 1 : INDIAN CONTRACT ACT‚ 1872 Section 1:Short Title The
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where the court would lift the veil of incorporation. The required characteristic of a company is that it exists as a separate legal entity from its members of the company. The separate legal entity was authoritatively established by the House of Lord (HOL) in the case of Salomon v Salomon (1897). The distinction between a company and its members as different legal person sometimes called veil of incorporation. Sometimes‚ Salomon principal maybe unfair‚ then the courts need to review the principal
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Business Regulatory Frame Work. Today we are going to discuss the Indian Contract Act 1872. Before I start my discussion on the contract‚ I would like to make you aware that the Indian Contract Act 1872 came enforced on the 1st day of the September 1872. It is applicable to whole of the country except the State Jammu & Kashmir. The course related to the law is designed to impart the knowledge to the student so that they are acquaint with the general principles of the law. As you know in our day
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code]: BM054-3.5-3-CL [Subject code]: Company Law [Lecture’s name]: Nadiah Suki [Assignment title]: Individual assignment [Submit date]: 15th January 2014 Table of Content Title Page Case Reference 3 Question 1 4-6 Question 2 7-8 Question 3 9-10 Reference 11 Case Reference 1) Salomon v. Salomon & Co. Ltd 2) Symington v. Symington’s Quarries Ltd 3) Daimler Co Ltd. v. Continental Tyre and Rubber Co. 4) Gilford Motor Co v. Horne 5 )Adams v. Cape Industries plc
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a result of this personality you acquire legal status ie your legal status defines that legal personality further. STATUS then describes your legal “condition” eg a married woman‚ A public company‚ a minor person‚ a South African resident; thus various factors will determine your status‚ such as your domicile (where you live)‚ your age‚ etc. Status then is a convenient term to describe “rights‚ duties and capacities”. It embraces your legal position in relation to fellow man and community.
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change the world completely. However‚ all those ideas vanish because of the barrier in front of them. They cannot afford to go to colleges. We do not know what those people have in their minds. Most and high likely‚ they would benefit us even a little bit. My teacher’s friend got accepted into Harvard but couldn’t afford to pay the tuition. Therefore‚ I strongly support the idea saying that colleges should be free. Posted by: 0505ashleys College should be free for all. So everyone could graduate dept
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“Numbering All the Bones” Ann Rinaldi The African-American heritage has become a very influential part of the American culture of present times. It has a long and troublesome history that leads to fulfilling their “American Dream”; a dream of hard work filled success. This hard work was introduced to the United States initially in the form of slavery. Stories of the trials‚ tribulations‚ and hardships of those indoctrinated into slavery can be educational for students of today on many levels.
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Dr. RAM MANOHAR LOHIYA NATIONAL LAW UNIVERSITY LUCKNOW. SESSION 2013-2014 A Project on " Immunity of agent- a detailed study" Under the Supervision of Dr Visalakshi Vegesna Assistant Professor Submitted by Umaima Shahnawaz B.A.L.L.B(Hons.) IIIrd Semester Roll no-147 ACKNOWLEDGEMENT I would like to express my special thanks of gratitude to my teacher Dr. Visalakshi Vegesna who gave me the golden opportunity to do this wonderful project on the topic " Immunity of agent- a detailed
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